Thanksgiving Turkey to Santa Claus Rally
Equity investors continue to experience a roller coaster ride as a terrible run up to Thanksgiving was followed by a week significant gains in stock prices.
As the debt crisis and political uncertianty in Europe worsened, stocks began to turn down in the middle of November with the SPDR S&P 500 ETF (SPY) sliding over 8% by the end of Thanksgiving week.
Once the news from Europe turned positive, so did investors. SPY was up over 7% last week sparked by central bank actions to boost the economy.
SPY tracks the SP 500 Index. The index is market-cap weighted and includes 500 U.S. companies with market caps in excess of $5 billion. The expense ratio for the $90 billion ETF is 0.0945%.
For more ways to invest, see the complete list of total market ETFs.
- ETF MarketPro Staff
December 5, 2011
About ETF Investor Insights:
ETF Investor Insights is the electronic newsletter from the editors at ETF MarketPro.
Each week, the newsletter delivers the latest news, investing ideas, case studies and upcoming events of interest to ETF investors.
The newsletter is free to subscribers who sign-up on the ETF MarketPro website.
Click below to subscribe.
